Stock market today: Trade setup for Nifty 50 to global markets; Eight stocks to buy or sell on Thursday— March 27, 2025 | Stock Market News

Stock Market Today: The benchmark Nifty-50 index corrected 0.77% on Wednesday to close at 23,486.85, wiping out part of gains seen during last few trading sessions. Bank Nifty saw a similar decline ending at 51,209.00, while most other sectors led by Realty, IT, and pharma stood among losers. The broader indices also corrected 0.7%-1.2%.

Trade Setup for Thursday

For the Nifty-50 index immediate support is placed near 23,400, coinciding with 100 and 200-day exponential moving averages. A strong support exists at 23,141 while Potential resistance levels are anticipated at 23,600 and 23,869, as per Devarsh Vakil – Head of Prime Research, HDFC Securities

For Bank Nifty the next leg of the up move will likely develop only after successfully navigating the 52000–52100 resistance zone, as per Sameet Chavan, Head Research, Technical and Derivative – Angel One

Global Markets Today

The market experienced profit booking after the recent gains, on the back of next week’s US tariff announcements. The sectors with higher exposure to the US market, like pharma & IT, have witnessed some selling pressure. Oil prices inched higher driven by US sanctions on Iran and anticipation of a drop in US crude inventories. With the onset of FIIs inflow, revival in domestic fundamentals and favourable valuation, the market is expected to trade with more stability, said Vinod Nair, Head of Research, Geojit Investments Limited.

Stocks to buy today

Sumeet Bagadia, Executive Director at Choice Broking, has recommended two stock picks for today. Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, suggested three stocks, while Shiju Koothupalakkal, Senior Manager — Technical Research, at Prabhudas Lilladher has given three stocks picks.

Sumeet Bagadia’s stock pick

1. Radico Khaitan Ltd (RADICO)- Bagadia recommends buying Radico Khaitan at ₹2334 keeping Stoploss at ₹2250 for a target price of ₹2480

RADICO is currently trading at 2,334, showing signs of recovery after a prolonged downtrend. The stock has formed a potential bottom reversal pattern, indicating a possible trend reversal. It has been consistently making higher highs and higher lows, signaling strengthening momentum. Recent price action, supported by strong volume, suggests renewed buying interest and increased investor confidence.

2. Nava Ltd– Bagadia recommends buying NAVA at ₹488.5 keeping Stoploss at ₹470 for a target price of ₹520

NAVA showcases a strong bullish momentum, evident from a substantial upward movement and a significant closing around ₹488.5. The stock has been experiencing robust buying interest, and a consolidation breakout with strong volume, signalling bullish momentum and potential upside continuatio

Ganesh Dongre’s stocks to buy today

3. Trent Ltd – Dongre recommends buying Trent at ₹5320 keeping Stoploss at ₹5250 for a target price of ₹5400

In the recent short-term trend analysis of the stock, a notable bullish reversal pattern has emerged. This technical pattern suggests the possibility of a temporary retracement in the stock’s price, potentially reaching around Rs.5400. At present, the stock is maintaining a crucial support level at Rs.5250. Given the current market price of Rs.5320, a buying opportunity is emerging. This suggests that investors might consider purchasing the stock at its current price, anticipating a rise towards the identified target of Rs.5400

4. Usha Martin Ltd – Dongre recommends buying Usha Martin at ₹348 keeping Stoploss at ₹335 for a target price of ₹365.

In the recent short-term trend analysis of the stock, a notable bullish reversal pattern has emerged. This technical pattern suggests the possibility of a temporary retracement in the stock’s price, potentially reaching around Rs. 365. At present, the stock is maintaining a crucial support level at Rs.335. Given the current market price of Rs.348, a buying opportunity is emerging. This suggests that investors might consider purchasing the stock at its current price, anticipating a rise towards the identified target of Rs. 365.

5. Natco Pharma Ltd – Dongre recommends buying Natco Pharma at ₹821 keeping Stoploss at ₹804 for a target price of ₹930.

In the recent short-term trend analysis of the stock, currently stock is into oversold zone. Looking towards the daily chart a notable bullish reversal pattern has emerged. This technical pattern suggests the possibility of a temporary retracement in the stock’s price, potentially reaching around ₹930. At present, the stock is maintaining a crucial support level at Rs.804. Given the current market price of Rs. 821, a buying opportunity is emerging. This suggests that investors might consider purchasing the stock at its current price, anticipating a rise towards the identified target of Rs.930.

Shiju Koothupalakkal’s intraday stocks for today

6. Bharat Dynamics Ltd– Koothupalakkal recommends buying Bharat Dynamics at ₹1326 for a target price of ₹1400 keeping Stop Loss at ₹1300

The stock has recently gained momentum with a strong move on the daily chart with currently indicating a flag pattern with improving bias expecting for further strong upward move. The RSI has indicated strength and can carry on with the positive move further ahead in the coming days. With the chart technically well positioned, we suggest to buy the stock for an upside target of 1400 keeping the stop loss of 1300.

7. Chennai Petroleum Corporation Ltd – Koothupalakkal recommends buying Chennai Petroleum at ₹630 for a target price of ₹670 keeping Stop Loss at ₹615

The stock has recovered strongly from the bottom made near 435 zone moving past the 50EMA and 100 period MA levels to improve the bias and with recently with a strong bullish candle formation on the daily chart has strengthened the trend anticipating for further rise. The RSI is maintained strong steadily on the rise from the oversold zone and with much upside potential visible, it can carry on with the positive move further ahead. With the chart technically looking good, we suggest to buy the stock for an upside target of 670 keeping the stop loss of 615 level.

8. Varun Beverages Ltd – Koothupalakkal recommends buying Varun Beverages Ltd at ₹527 for a target price of ₹560 from Stoploss ₹515

The stock has witnessed a decent pick up from 480 zone with currently indicating a higher bottom formation pattern on the daily chart just moving past the important 50EMA level at 525 zone to improve the bias once again. The RSI has picked up well with a gradual rise and has further scope for upward movement from current rate. With the chart technically looking attractive, we suggest to buy the stock for target of 560 keeping the stop loss of 515 level.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.